There were a lot of costs that we didn't expect like the plumbing had to be completely redone.

I think its a scary feeling, like the cost of entry is too high.

And that depends on how you view the costs. 

Free healthcare free cell phones free housing.  

Although the list may seem intensive, I look at it like this: The total cost of all these items can be much lower than the cost to repair a hidden surprise after purchasing a property to flip. 

The stone elevation can be expensive but will really move a house quickly with the added curb appeal.Some things I like to add for not much extra cost..

Feel free to reach out! 

==========================My relative is asking if this is a viable way to legally avoid having to pay taxes:STEP 1: SELL PRIMARY RESIDENCE (House A)-Sell primary residence to son-in-law for cost basis + $500K-File gift tax form for difference between sale price & market value-Not pay capital gains on $500K due to personal exemption.STEP 2: SELL RENTAL PROPERTIES-Do 1031 exchange and buy House A back from son-in-law-Rent out House A for 1 year before move back in==========================Thoughts?

Your team can provide valuable insight and help you avoid costly mistakes down the line.5.

The fact that you have a TAX-FREE income is crazy good.